McPhillamys Gold Project
The 100% Regis-owned McPhillamys Gold Project is one of Australia’s larger undeveloped open-pittable gold resources. The Project is located approximately 250 kilometres west of Sydney in the established mining region of Central Western NSW.
Since purchasing the McPhillamys Gold Project in 2012, Regis has invested over $150M in the exploration, scientific studies and design reviews that have informed the planning assessment process.
In March 2023 the project was approved by the NSW Independent Planning Commission and the Federal Government, subject to a range of consent conditions.
On 19 August 2024, the Federal Minster for the Environment and Water announced a Section 10 declaration over a part of McPhillamys, resulting in the loss of access to the planned tailings storage facility (TSF) area. This Section 10 declaration has rendered the Project, in its current form, unviable. Regis has commenced preliminary works to attempt to identify an alternate TSF location. To advance an alternative TSF solution will require further extensive investigations and studies along with the recommencement of state and federal approvals processes. This process could take between five and 10 years, ultimately with no certainty of a viable alternative being realised.